{"id":99939,"date":"2024-12-19T14:00:00","date_gmt":"2024-12-19T14:00:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=99939"},"modified":"2024-12-19T13:37:56","modified_gmt":"2024-12-19T13:37:56","slug":"inflation-rises-living-costs-squeeze-budgets","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/inflation-rises-living-costs-squeeze-budgets\/","title":{"rendered":"Inflation Rises Again as Living Costs Squeeze Household Budgets"},"content":{"rendered":"\n

The decision is expected later today. In November, inflation rose for the second consecutive month to 2.6%, far above than the Bank’s target of 2%. The central bank’s Monetary Policy Committee (MPC) has to carefully balance helping a struggling economy with managing pricing pressures.<\/p>\n\n\n\n

Inflation Exceeds the Target<\/h2>\n\n\n\n

The cost of living has been steadily rising, according to the most recent statistics, driven by rising prices for necessities like groceries and electricity. Official data indicates that November’s inflation rate of 2.6%<\/strong> is significantly higher than October’s rate of 2.3%<\/strong>, and it is well above the Bank’s 2%<\/strong> target.<\/p>\n\n\n\n